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Petra
Petra Evacuates Cullinan After Wall Collapse
Three million tonnes of material fell into the open pit of Petra Diamonds’ Cullinanmine in South Africa during a thunderstorm Saturday, the companysaid Wednesday. The collapse generated alarge plume of dust, which had “some effect...
Mining Oct 30, 2019 Rapaport News
Petra
Weak Prices Dent Petra Revenue
Petra Diamonds’ revenue fell in the first fiscal quarteramid a drop in the average price and a weaker product mix at three of itsmines. Revenue dropped 23% year on year to $61.6 million for thethree months ending September...
Mining Oct 23, 2019 Rapaport News
Petra 20.08ct blue
Cullinan Blue Could Fetch $15M, Analysts Say
Petra Diamonds will offer a 20.08-carat blue diamond at aspecial tender in Johannesburg next month, with analysts predicting the rough couldattract $15 million.The miner recovered the type IIb, “exceptional” gem-qualitystone at its Cullinan deposit...
Rough Markets Oct 07, 2019 Rapaport News
Petra Diamonds
Petra Recovers 20ct. Blue Diamond
Petra Diamonds has unearthed a blue diamond weighing 20.08 carats atits Cullinan mine in South Africa, it said Monday. The type IIb stone comes from the same mine that producedthe 3,106-carat Cullinan diamond...
Mining Sep 24, 2019 Rapaport News
Petra
Petra’s Loss Widens in Weak Market
Shares in Petra Diamonds slipped 7% in early trading Mondayafter the miner reported its loss had broadened due to a devaluation of itsfour deposits. The company reported a net loss of $258.1 million for theperiod ending June 30,...
Mining Sep 16, 2019 Rapaport News
Petra Cullinan mine 072219 150
Petra to Reduce Production as Prices Slip
Shares in Petra Diamonds slipped 6% in early trading Monday after the minerreported it would lower its production for fiscal 2020. The company expects to produce about 3.8 million carats inthe financial year ending June...
Mining Jul 22, 2019 Rapaport News
Bonhams
Historic Cullinan Document Fetches $28K
The original manuscript that paved the way for the cuttingof the 3,106-carat Cullinan diamond to create the British Crown Jewels fetchedmore than seven times its high estimate at Bonhams. The sale included...
Polished Markets May 02, 2019 Rapaport News
Petra 210 carat 150
Cullinan Yields 210ct. Rough
Petra Diamonds has unearthed a white diamond weighing 209.9carats at its Cullinan mine in South Africa. The D-color, type II, gem-quality stone is the fourth over100 carats the miner has recovered this year, and...
Mining Apr 21, 2019 Rapaport News
Petra
Troubles at Finsch Mine Hit Petra Output
Production at Petra Diamonds fell in the third fiscalquarter due to operational challenges at its Finsch mine in South Africa, it said Monday. Output for the three months ending March 31 dropped 7% to924,228 carats. Production at Finsch plunged...
Mining Apr 15, 2019 Rapaport News
Bonhams
Historic Cullinan Document Up for Auction
The original manuscript that brokered the cutting of the3,106-carat Cullinan diamond to create the Crown Jewels of Great Britain isgoing under the hammer at Bonhams. The sale includes the documents the representatives of KingEdward VII...
Polished Markets Apr 11, 2019 Rapaport News
Graff
Graff Cuts 302ct. Diamond from Lesedi La Rona
Graff has unveiled the 67 polished stones it cut from the 1,109-carat Lesedi La Rona, including a record-breaking 302-carat diamond.The jeweler has named the square emerald-cut, 302.37-carat, D-color diamond the Graff Lesedi La Rona. It has...
Polished Markets Apr 10, 2019 Rapaport News
Petra Diamonds
Petra Recovers 425ct. Diamond
Petra Diamonds has unearthed a 425.10-carat white diamond atits Cullinan mine in South Africa, it said Friday. The D-color, type II, gem-quality stone comes from the samemine that produced the 3,106-carat Cullinan diamond...
Mining Mar 31, 2019 Rapaport News
Petra Diamonds
Petra Unearths 101ct. Rough at Cullinan
Petra Diamonds recovered two gem-quality rough stones fromits Cullinan mine in South Africa Friday. The 100.83-carat, D-color, type IIstone and another 6.12-carat, blue, type II diamond will be included in the company’supcoming tender later...
Mining Mar 10, 2019 Rapaport News
Petra Cullinan mine 150
Price Drop at Cullinan Dents Petra
Petra Diamonds’ shares fell more than 15% in early trading Monday after theminer reported a significant slide in rough-diamond prices at its flagshipCullinan asset. The average price plunged 31% to $96 per carat at the miner’sSouth...
Mining Jan 28, 2019 Rapaport News
Petra
Higher-Value Stones Lift Petra Revenue
Petra Diamonds’ revenue jumped in the first fiscal quarter dueto demand for higher-quality goods. Revenue surged 22% year on year to $80.2 million for thethree months ending September 30, the miner reported Monday....
Mining Oct 24, 2018 Rapaport News
Petra Johan Dippenaar
Petra Boss Steps Down Amid $203M Loss
Petra Diamonds CEO Johan Dippenaar will leave the company afterit recorded a huge loss during the fiscal year, it said Monday. The company reported a net loss of $203.1 million for the periodending June...
Mining Sep 17, 2018 Rapaport News
Botswana 150
Botswana Diamonds Faces Asset Challenge
A South African company is claiming rights to portions of Botswana Diamonds’ Mooikloof project. “Despite [Botswana Diamonds associate Vutomi] obtaining afully notarized and registered prospecting right on Mooikloof from the SouthAfrican Department of Mineral Resources [DMR],...
Mining Aug 01, 2018 Rapaport News
Petra 150
Petra Drops After Weak Production Outlook
Shares in Petra Diamonds slipped on Monday after the miner loweredits production forecast for fiscal 2019. The company expects to produce between 4.6 million and 4.8million carats in the fiscal year ending June 2019,...
Mining Jul 23, 2018 Rapaport News
De Beers Botswana 150
De Beers, Botswana Prep for New Sales Deal
Botswana once again finds itself at a crossroads. The sparsely populated,landlocked country is in a constant battle to ensure the longevity of itsdiamond industry.Recognizing that diamond mining will not last forever, thegovernment’s beneficiation program has sought to establish...
Mining Jul 09, 2018 Avi Krawitz
GIA Pink Diamond
Petra Sells Kimberley Mine for $22M
Petra Diamonds will offload its majority stake in theKimberley mine, claiming the deal will ensure a sustainable future for theproject and help the company focus on its core assets. Ekapa Mining has agreed...
Mining Jul 05, 2018 Rapaport News
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